Shareholders have pressured Credit Suisse CEO Brady Dougan to cut back on expenses.

Late last year, Credit Suisse announced plans to lay off 1,500 workers, representing 3% of its overall headcount and part of an effort to slash costs by 800 million Swiss francs by the end of 2013.

Shares of Credit Suisse trading in New York rose 1.13% to $26.02 Monday morning, outpacing a 0.68% gain on the S&P 500. While the company’s shares have rallied almost 10% so far this year, they have lagged behind many other large banks like Goldman Sachs (GS) and Deutsche Bank (DB).